Best commissions for NQ & ES

Quote from auspiv:

right now, i'm using mirus futures. i just opened an account with them about a month ago, with 3k. never traded futures for real before and i'm only paying 2.20/side. and thats with 2-5 rt's/day. oh and i'm 18.

im sure you could do way better than that if you're doing any size at all.

now that i think about it.. i though IB was supposed to be very cheap compared to everything else?
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No.....just their FEED.....LOL! :p
 
Quote from auspiv:

right now, i'm using mirus futures. i just opened an account with them about a month ago, with 3k. never traded futures for real before and i'm only paying 2.20/side. and thats with 2-5 rt's/day. oh and i'm 18.

im sure you could do way better than that if you're doing any size at all.

now that i think about it.. i though IB was supposed to be very cheap compared to everything else?
More...

For stock traders IB is very cheap and it is very hard to beat their rates. IB futures commissions are not so cheap and a number of futures firms beat their rates.

IB management needs to wake up and lower their futures commissions.
 
So true...
I wish IB would compete in the futures, the going rate is .35 per side + XT @ 650/month and IB ought to compete with that.

Quote from jeb9999:

For stock traders IB is very cheap and it is very hard to beat their rates. IB futures commissions are not so cheap and a number of futures firms beat their rates.

IB management needs to wake up and lower their futures commissions.
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Quote from hopeful:

I currently pay a good rate of 2.40 per side for NQ (that's I.B.s all-in rate), but as an active trader those commissions add up to a big heap of money at the end of the day.

Was wonderin if I could do better than this?

I know some prop firms also offer e-minis but so far they haven't bothered to get back to me on the commissions question.

Does anyone beat IB on this? Thanks.
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It isn't just about rates. With IB

you get a security token to protect your account

you can trade many instruments in many international markets

they are sizable and more likely to be here when you need them.

brokers may disappear under a cataclysmic event. Remember Refco. Think incorrect report like "Pakistan threatens to nuke India" while a bunch of some small broker's customers are holding a bunch of eminis at $300 daytrading margin. Now imagine it takes many months to pry your money back out from a flimsy broker that went under.

and other benefits
 
After reliability of a Broker, the most important issue for Day Traders, is the Commissions. I have always argued, breaking even with IB can mean a 30 to 80% NET PROFITS with another Broker say like AMP who are very reliable if, you do volume and could negotiate a good rate with them. (I also have a good size account with IB used for swings and not scalps).
My belief is if you trade more than 500rt, futures contracts/month or more, then shop around for rates and forget, IB, TS etc. etc. Just a $1 difference in comm. at 500rt per month for a $10k account equals 5% NET profits per month in additional gains!!!!!!
So, pay the most attention as in all biz, to the cost of doing biz. period.
 
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